Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Bellefonte Corner Retail Space Title is generated by Realmo AI

    101 N Allegheny St, Bellefonte, PA 16823

    View on Map
    Claim this Listing
    For Sale
    $524,900

    Corner retail space in downtown Bellefonte.

    Property size:
    5,051 SF
    Price / SF:
    $103/SF
    Added:
    Jul 19, 2025
    Days on Market:
    318
    Last Refresh:
    Mar 18 at 1:28 pm

    Property Features for 101 N Allegheny St

    General Information

    Standard status
    Active
    Size
    5,051 SF

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Melissa Sieg

    Listing agent Melissa Sieg

    Listing office

    Listing date Jul 19, 2025

    Source Evrealestate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Melissa Sieg

    HighLights

    • Prime downtown location on the Diamond in Bellefonte.
    • Corner lot at the intersection of N. Allegheny and W. High St.
    • Historic building built in 1900.
    • Heating: Baseboard, Electric
    • County: CENTRE
    • Appliances: Electric Water Heater

    Overview

    Located on the corner of N. Allegheny and W. High St on the Diamond in downtown Bellefonte, this commercial real estate property offers a storefront and retail space. The property size is 5051 square feet and is located in Centre County.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $65.5k $12.96
    − Vacancy −$2.9k −$0.58
    EGI $62.5k $12.38
    − OpEx −$18.8k −$3.71
    NOI $43.8k $8.66
    5,051 SF · lease $12.96/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $625.2K
    $547.0K – $729.4K (±1% cap)
    NOI $43,761 @ 7.0% cap · market cap 8.34%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.12M
    $976.1K – $1.30M (±1% cap)
    NOI $78,088 @ 7.0% cap · market cap 14.88%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Woodrings Floral Gardens — 125 S Allegheny St, Bellefonte, PA 16823

    Location Insight

    • Map
    • Local Demand
    City
    Bellefonte
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.7782125
    Latitude
    40.9122117

    Nearby Similar for Sale

    • $784,000
      2,472 SF

      Bellefonte Investment Property: Three Duplexes

      Three fully rented duplexes in Bellefonte, PA, generating steady income.
      424 BLANCHARD Street, BELLEFONTE, PA 16823
      View Details
    • $229,000
      1,232 SF

      Bellefonte Duplex: Investment Opportunity

      Fully rented duplex in downtown Bellefonte with established rental history.
      131 N THOMAS Street, BELLEFONTE, PA 16823
      View Details
    • $229,500

      Benner Township Church Opportunity

      Well-maintained church in Benner Township with farmland views.
      1667 BUFFALO RUN ROAD, BELLEFONTE, PA 16823
      View Details
    • $215,000
      1,680 SF

      Bellefonte Duplex: Investment Opportunity

      Well-maintained duplex with one leased unit and one move-in ready unit.
      925 West Water Street, Bellefonte, PA 16823
      View Details
    • $325,000
      2,598 SF

      Bellefonte Commercial Property for Sale

      Commercial property available in Bellefonte, Pennsylvania.
      116 S Penn St, Bellefonte, PA 16823
      View Details

    FAQs

    What type of property is this?
    Storefront property - Corner retail space in downtown Bellefonte.
    Where is this storefront property located?
    The property is located at 101 N Allegheny St Bellefonte, PA.
    What is the asking price?
    The asking price for this property is $524,900.
    What are key features of this property?
    This property features: Prime downtown location on the Diamond in Bellefonte.; Corner lot at the intersection of N. Allegheny and W. High St.; Historic building built in 1900.
    (814) 357-2371
    We can help!
    Listing Contact
    Melissa Sieg
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    101 N Allegheny St, Bellefonte, PA 16823
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!